US Politics & Business News
GE Aerospace (GE) has pulled back roughly 10% from its recent high, raising a familiar question for investors weighing quality against timing. The company is sitting on a commercial services backlog of approximately $170 billion, representing a substantial runway for future revenue generation and cash flow. Management has been candid that the core operational challenge…
Morgan Stanley has upgraded Robinhood Markets (HOOD) to Overweight from Equal Weight, citing underappreciated potential in how the platform monetizes its existing customer base. The investment bank simultaneously raised its price target on shares to $150 from $124, implying roughly 43% upside from recent closing levels. Analyst Michael Cyprys outlined the core argument in a…
Euro zone inflation climbed back above 3% in August, driven by surging energy costs tied to the ongoing Iran war and Strait of Hormuz disruption. Headline inflation in the euro area rose to 3.3% in August, up from 2.9% in July, marking the highest level since September 2024. The data came from a flash estimate…
House conservatives are once again threatening to grind legislative business to a halt, escalating their standoff with Republican leadership over a stalled elections measure backed by President Donald Trump. Rep. Anna Paulina Luna (R-FL) and a group of allied hard-liners have derailed planned House business, arguing that Speaker Mike Johnson has not done enough to…
The nation’s top military officer has told a Democratic senator there are no plans to deploy troops to polling locations during the 2026 midterm elections. Gen. Dan Caine, chairman of the Joint Chiefs of Staff, delivered the assurance in a letter to Michigan Sen. Elissa Slotkin, who had formally requested the confirmation. “The Joint Force…
Kentucky Republican Rep. Thomas Massie named 14 individuals on the House floor as Jeffrey Epstein coconspirators who he believes should be investigated and prosecuted. Massie made the accusations during an Aug. 31 floor speech, citing the protections afforded by the Constitution’s Speech or Debate Clause, which broadly shields members of Congress from civil or criminal…
Abdul El-Sayed, Michigan’s Democratic Senate candidate, pushed back hard against Vice President JD Vance after Vance publicly labeled him “very, very evil” at a Detroit rally. Vance made the incendiary comment at the rally earlier Monday, delivering a pointed and personal attack against El-Sayed before a Michigan crowd. “There’s something about Abdul El-Sayed that is…
Japan’s regulatory approval of a 700 MHz satellite communications framework has given AST SpaceMobile a significant boost heading into the final stretch of 2026. Shares of AST SpaceMobile (ASTS) rose 2% on Monday, ending August marginally in positive territory after falling 22% in June and 34% in July. Japan’s Ministry of Internal Affairs and Communications…
RTX (RTX) closed the most recent trading session at $207.73, marking a decline of 1.88% from the prior day’s closing price. That drop significantly lagged behind the S&P 500, which posted a comparatively modest daily loss of just 0.33%. The Dow Jones Industrial Average fell 0.70% during the same session, while the tech-heavy Nasdaq declined…
Amazon.com (AMZN) shares fell roughly 3% after the Federal Trade Commission and 22 states filed a lawsuit accusing the company of secretly inflating advertising prices. The lawsuit, filed Monday, claims Amazon spent more than seven years quietly raising prices that advertisers paid through its online ad auctions without their knowledge. Regulators allege the scheme affected…